Dubai Inflation Down to 1.3% in January

Inflation in Dubai, slowed to 1.3% in January 2010 from 2.8% in December 2009. The country's inflation will not exceed 2% in 2010. Sultan Bin Saeed al Mansouri did not elaborate on his prediction, only saying it reflected "positive results". The global financial crisis ended an oil and real estate fuelled boom in the Arab region, pushing consumer price growth down from 2008 record peaks, with some countries such as the UAE experiencing temporary deflation in 2009.- Arabian Business